GBP/USD has stabilized below 1.5475 where 61.8% Fibonacci following the breakout below the uptrend line.
Trading below 1.5425 is negative catalyst and the pair may move lower, targeting 1.5345 and 15275 to meet 76.4% and 88.6% Fibonacci.
Note, SMA20 is trading below 50% Fibonacci after breaching it and that affirm the bearishness.
Support: 1.5400-1.5345-1.5275
Resistance: 1.5475-1.5500-1.5560
Direction: Down
EUR/USD has retraced, touching SMA 20 after stabilizing above 1.0950.marked by 50% Fibonacci.
Negativity may come back with a break below 1.0950, while coming above 1.1065 will change the outlook into bullish.
Support: 1.10-1.0950-1.0835
Resistance: 1.1065-1.1125-1.1200
USD/CHF has failed to achieve a daily closing above 0.9500 psychological and started to show bearish tendencies.
Over four-hour interval, signs of double topping started to appear along with some kind of negativity on RSI and ADX.
The bearishness could be stronger with a break below 0.9400 support, while clearing 0.9360 will accelerate.
Support: 0.9400-0.9360-0.9340
Resistance: 0.9485-0.9505-0.9550
Direction: Down
The USD/JPY has respected our scenario, moving to the downside, while clearing 121.90-121.85 zones has accelerated the movements.
Finally, USD/JPY gave a strong negative signal along with RSI14 coming below the value of 50.00.
Coverage from moving averages should bring further downside movements; noting that, a break below 121.00 will be a negative sign for short-term traders.
Support: 121.40-121.20-120.60
Resistance: 121.90-122.20-122.45
Direction: Down